Even as the domestic primary market is struggling to get back on track, an India-focused firm is raising this year’s biggest IPO at London’s AIM market. KSK Emerging India Energy Fund has announced that it plans to raise up to $500 million through a dual listing at AIM and the Channel Islands Stock Exchange, Financial [...]
Two high profile initial public offers (IPO) have been cleared by market regulator Securities and Exchange Board of India, while the government has rejected a proposal for the follow on public offer by National Thermal Power Corporation (NTPC). The public offer of India’s largest commodity exchange Multi Commodity Exchange of India (MCX) and the one [...]
The recent rally seen in the stocks are bringing back some optimism to real estate developers. DLF Assets, the property fund of DLF Ltd, India’s largest real estate developer, plans not just to revive but also to enlarge an initial public offer of its property trust in Singapore, Reuters reports. The company plans to update [...]
Unfazed by volatility in real estate prices and the rising inflation, Indiabulls Real Estate Ltd has decided to go ahead with a $300 million (Rs1,254 crore) IPO in Singapore. In a stock market announcement on May 8, IBRE said that Indiabulls Properties Investment Trust (IPIT), a business trust registered under the laws of Singapore, is [...]
Merrill Lynch, Deutsche Bank and Indivision Capital Partners, the private equity arm of Future Group, are in race to buy 8-10 per cent stake in travel services firm Cox & Kings in a pre IPO deal. The US-based financial services major Merrill Lynch is the front-runner to pick the stake in a deal which could [...]
Are the power IPOs back in action? After Adani Power filed with SEBI for a Rs 5,500 crore public float, GMR Energy Ltd, the energy arm of the Bangalore based power and infrastructure company, may plan to raise Rs 4,000 crore through a public offer and private equity placements. The company had earlier planned to [...]
3i Group-backed Adani Power is coming up with an IPO which could see a mop up of $1-1.5 billion, reports Reuters. The diversified business conglomerate operates in the verticals of edible oil, logistics, power generation, coal, oil and gas exploration, gas distribution, real estate, ports, special economic zones and IT-enabled services. Adani Power is expected [...]
This may have come as good news for the IPO-bound ICICI Securities. The investment banking arm of ICICI Bank has emerged as the number one IPO advisor, according to a ranking by Delhi-based IPO tracker Prime Database. (We are trying to procure the ranking of top 10 advisors, and will post it as soon as [...]
Goldman Sachs, Morgan Stanley, JP Morgan, Credit Suisse and Nomura, among others, are in the race to acquire a minority stake in ICICI Bank’s broking arm, ICICI Securities (I-Sec). The largest private sector bank is looking to sell 3-5 per cent stake in the firm through a pre IPO placement, according to a news report. [...]
Securities market regulator Sebi is working on two key changes for the primary market, which can have significant implications. The decisions which are expected to be taken up in July this year would shorten the time period between the closure of a fresh public issue (IPO) and the day of listing of a particular scrip. [...]
After internet companies like MakeMyTrip, Cleartrip.com and Shaadi.com, which have directly or indirectly expressed intentions of going public in 2009, here is another large consumer internet play that plans to go public next year. The local information/classifieds and e-commerce portal Sulekha.com is preparing to enter the capital market sometime in 2009, according to a report [...]
The IPO of private equity backed railways wagons manufacturer Titagarh Wagons opens today and closes on March 27. The issue is managed by Kotak Investment Banking and JM Financial. Titagarh’s issue will see a sale of 2.4 million equity shares of face value Rs 10 a share at a price band of Rs 540-610 apeice [...]
The solar energy arm of optical storage disc maker Moser Baer is looking for a initial public offer (IPO) in Nasdaq, according to a Reuters report. Morgan Stanley is probably one of the underwriters appointed by Moser Baer Photo Voltaic (MBPV), which manufactures solar cells and modules, for the proposed IPO.
MBPV, the wholly owned subsidiary [...]
Sub prime crisis continues to take its toll, and this international development will have wider global ramifications. Carlyle Capital, an affiliate of private equity firm Carlyle Group, is in default of about $16.6 billion of debt, and its lenders are likely to take possession of its remaining assets after unsuccessful negotiations to prevent its liquidation. [...]
Goldman Sachs Group, which recently announced that it would get into a whole gamut of financial services like asset management, NBFC and broking, has picked up a 20 per cent stake in Chennai-based non-banking finance company (NBFC) Shriram Credit Company Ltd.
The global investment banking firm’s Mauritius based investment arm GS Strategic Investments Ltd will invest [...]
